ICA Specialist Certificate in Trade Based Money Laundering
International Compliance Association
Summary
Students from certain low GDP countries receive a 15% discount on this fee.
- Exam(s) / assessment(s) is included in price
Overview
Trade is a ready-made vehicle for dirty money. A basic technique used in trade for laundering money is misinvoicing. This is done by undervaluing imports or overvaluing exports to bring money into a country (and the reverse to get money out).
The ICA Specialist Certificate in Trade Based Money Laundering provides you with an opportunity to look at the AML and CTF models used to address the risks that exist within the international trade environment. The course will also investigate some of the practical issues faced, where breaching money laundering requirements can cost hundreds of millions of dollars.
Description
What will you learn?
In addition to the essential concepts of AML and CTF, you will also cover the following areas:
- The fundamentals of trade based money laundering
- Risk management
- Variable physical goods
- Variable pricing of goods
- Black market peso exchange
- Terrorist resourcing
- Proliferation finance
- Correspondent banking
- Country sanctions
- Risk controls
How and where can you study?
The course is fully online so can be studied at any time, wherever you are in the world. You will have 3 months to complete the course.
How will you be assessed?
At the end of the online course you will take a one hour multiple choice exam of 15 questions.
Does this count towards ICA CPD?
Specialist Certificate courses count as 15 hours of ICA CPD credit.
Can this course be taught in-house?
An in-house option is available for organisations enrolling a minimum of 15 people onto the course. Benefits include a face to face delivery option and the potential to include bespoke material.
Who is this course for?
- Senior practitioners who are keen to enhance their existing expertise by learning about another distinct sphere
- Senior managers within the international trade environment who wish to certify their knowledge
- Operational staff, working specifically within the international trade environment, who need to understand the inherent risks they face
- Regulators or Consultants working within the international trade space
- MLROs, Compliance Managers, Risk Managers, CDD Managers
- Anyone with an interest in the subject matter
Requirements
The qualification is specifically designed to be detailed yet accessible. Prior subject matter knowledge will be useful, but is not essential.
To get the most from the course, a good standard of English is required.
Questions and answers
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Legal information
This course is advertised on reed.co.uk by the Course Provider, whose terms and conditions apply. Purchases are made directly from the Course Provider, and as such, content and materials are supplied by the Course Provider directly. Reed is acting as agent and not reseller in relation to this course. Reed's only responsibility is to facilitate your payment for the course. It is your responsibility to review and agree to the Course Provider's terms and conditions and satisfy yourself as to the suitability of the course you intend to purchase. Reed will not have any responsibility for the content of the course and/or associated materials.
